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Lake Canal Reservoir Company Agenda Item 8a <br /> November 18-19, 2015 Board Meeting (Updated November 20, 2015) <br /> Page 4 of 4 <br /> TABLE 6: FINANCIAL RATIOS <br /> Financial Ratio Past 3 Years' Future <br /> w/ Project <br /> Operating Ratio (revenues/expenses) 124% 119% <br /> (Strong) (Good) <br /> weak: <100%1- average: 100% - 120% - strong: >120% <br /> $124K/$100K $124/$104K <br /> Debt Service Coverage Ratio 189% 165% <br /> (revenues-expenses)/debt service (Strong) (Strong) <br /> weak: <100% - average: 100% - 120% - strong: >120% $124K-$73K$73K <br /> $ $124-$73K <br /> $27K $31K <br /> Cash Reserves to Current Expenses 87% 37% <br /> weak: <50% - average: 50% - 100%I- strong: >100%1 (Average) (Weak) <br /> $87K/$100K $38K/$104K <br /> Annual Operating Cost per Acre-Foot (1,120 AF) $89 $93 <br /> weak: >$20 - average: $10 - $20`- strong: <$10 (Weak) (Weak) <br /> 1 $100K/1.12K AF $104/1.12K AF <br /> 'Includes the annual payment of CWCB Loan C153300 in the amount of$6,920. This loan was paid off in October <br /> 2015 and is thus not included in the "Future w/ Project"ratios. <br /> Collateral: Security for the loan will remain a pledge of assessment revenues backed by an assessment <br /> covenant and an undivided 100% interest in North Gray Reservoir. This is in compliance with CWCB <br /> Financial Policy#5 (Collateral). <br /> cc: Rosanna Harris, Secretary/Treasurer, Lake Canal and Reservoir Company <br /> Susan Schneider/Jennifer Mete, Colorado Attorney General's Office <br /> Attachment: Water Project Loan Program - Project Data Sheet <br />